Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Hotels
Transit Dr Columbus, OH 43230
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-3540566
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2015
Construction
WOOD
Total area
46,096 SF
Lot
13.53 ac (589,367 SF)
APN
600-150027
UPID
US66-3540566
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.73M
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$2.22M
Owner & transaction history
Sandpiper Easton LLC · 9 yrs held
Sandpiper Easton LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,955,000
6.5%
$2,730,000
7%
$2,535,000
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$48 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$262,842
Tax year 2023
Assessed value
$3,785,290
Assessed 2023
Previous assessed
$1,575,010
+140.3% YoY
Effective rate
6.94%
On assessed value
Assessed land
$204,790
Assessed improvement
$3,580,500
Land market value
$585,100
Improvement market value
$10,230,000
Total market value
$10,815,100
Applied tax rate
600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
1
Stories
4
Total area
46,096 SF
Lot
13.53 ac (589,367 SF)
APN
600-150027
UPID
US66-3540566
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2015
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Buildings
1
Lot
13.53 ac
Current owner
From public records · entity-resolved
Sandpiper Easton LLC
Entity
Mailing address
211 W FRANKLIN ST, RICHMOND, VA 23220-5011
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2024
—
Sandpiper Easton LLC
—
Deed
related
$100,000 · Key Bank NA
Jul 23, 2019
—
Sandpiper Easton LLC
—
Grant Deed
related
$16,000,000 · Keybank USA
Aug 31, 2016
—
Sandpiper Easton LLC
Buckeye Hospitality Easton LLC
Grant Deed
related
$15,500,000 · Private Individual
Dec 1, 2014
—
Buckeye Hospitality Easton LLC
—
Grant Deed
related
$2,964,595 · First Fin'l Bk&tr
Jan 31, 2014
$450,000
Buckeye Hospitality Easton LLC
Faith Christian Center Of Columbu
Warranty Deed
$337,500 · Ohio Vly Bk
Sep 28, 2005
$490,000
Faith Christian Center Of Columbus
Columbus Southern Power
Limited Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Transit Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
